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The fertiliser stock hit a record high of Rs 322 on January 23 but failed to hold the momentum. It closed at Rs 213 on April 1, which translates into a downside of about 30%. After undergoing a steep correction in a matter of months, the stock picked up momentum in the last 5 trading sessions. ....
Indian market pared gains and closed lower on Tuesday tracking muted cues. The S&P BSE Sensex fell more than 300 points while the Nifty50 closed below 21,700 levels. ....
“India presents an unparalleled long-term opportunity for equity investors today that conviction is what is making the money flow into the market. We have numerous structural trends such as young demographics, massive infrastructure built up, digitization, formalization of the economy, growing financial inclusion and the alternative sourcing hub India is becoming for the global industries, all combined with the ongoing huge historic reforms.” ....
Sectorally, buying was seen in metal, consumer durable, public sector and industrial stocks while telecom, healthcare and realty stocks saw some selling pressure ....